World Bank (Washington, DC)
2 March 2011
press release
With Africa facing an unprecedented opportunity to transform itself and improve the lives of its people, the World Bank is responding with a new, ambitious strategy which could help African economies take off.
Key Araes
Competitiveness and employment
The plan will assist countries to diversify their economies and generate jobs, especially for the 7-10 million young people entering the labor force each year. It will help to close the gap between infrastructure needs and investments — currently about $48 billion annually — and support efforts to make it easier for business to operate. In addition, the plan will focus on building the skills of workers.
Vulnerability and resilience
Africa’s poor are directly affected by shocks — economic, health-related, natural disasters and conflict — which keep them in poverty. By focusing on better health care, dealing preemptively with the effects of climate change through improved irrigation and water management, and strengthening public agencies to share resources more fairly and build consensus, the plan seeks to reduce the number of shocks and limit the damage from those that do occur.
Governance and public sector capacity
Critical services, in education, health and basic infrastructure, are too often either not delivered or delivered badly because of weak management of public funds. The Bank’s program of support aims to give citizens better information on what they should expect from their governments, as well as the capacity to report on instances when services are not delivered properly. The Bank will also work directly with governments to help them improve their systems and capacity to deliver basic services and manage accounts.
AllAfrica – All the Time
Read this article:
Africa: Africa’s Future and the World Bank’s Support to it